NutriSystem Inc. (NTRI) Short Interest Update
NutriSystem Inc. (NASDAQ:NTRI) saw a significant growth in short interest in May. As of May 15th, there was short interest totalling 2,788,108 shares, a growth of 169.4% from the April 28th total of 1,034,916 shares. Based on an average daily volume of 929,414 shares, the short-interest ratio is currently 3.0 days. Currently, 9.5% of the company’s stock are sold short.
NutriSystem (NASDAQ:NTRI) opened at 50.40 on Friday. NutriSystem has a 52 week low of $22.97 and a 52 week high of $57.50. The company has a market cap of $1.49 billion, a PE ratio of 37.42 and a beta of 0.97. The stock has a 50 day moving average of $52.18 and a 200 day moving average of $42.79.
NutriSystem (NASDAQ:NTRI) last released its quarterly earnings data on Wednesday, April 26th. The company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.08. NutriSystem had a return on equity of 43.89% and a net margin of 5.78%. The business had revenue of $212.68 million for the quarter, compared to analyst estimates of $202.87 million. During the same quarter in the prior year, the firm posted $0.13 EPS. The business’s quarterly revenue was up 31.2% compared to the same quarter last year. Equities research analysts predict that NutriSystem will post $1.69 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 18th. Shareholders of record on Monday, May 8th were given a $0.175 dividend. The ex-dividend date was Thursday, May 4th. This represents a $0.70 annualized dividend and a yield of 1.39%. NutriSystem’s dividend payout ratio is presently 67.96%.
Several brokerages have commented on NTRI. B. Riley reaffirmed a “buy” rating and issued a $57.00 price objective on shares of NutriSystem in a research report on Monday, March 6th. Lake Street Capital boosted their price target on shares of NutriSystem from $41.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, February 28th. Argus boosted their price objective on shares of NutriSystem from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, May 10th. Zacks Investment Research raised shares of NutriSystem from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Thursday, March 2nd. Finally, Craig Hallum set a $60.00 price objective on shares of NutriSystem and gave the company a “buy” rating in a research note on Tuesday, February 28th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $55.33.
In related news, insider Dawn M. Zier sold 30,000 shares of the firm’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $48.11, for a total transaction of $1,443,300.00. Following the transaction, the insider now directly owns 235,027 shares of the company’s stock, valued at $11,307,148.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael P. Monahan sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $50.03, for a total transaction of $250,150.00. Following the transaction, the chief financial officer now directly owns 37,743 shares in the company, valued at $1,888,282.29. The disclosure for this sale can be found here. Insiders have sold 151,943 shares of company stock worth $7,663,032 over the last three months. 2.90% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Huntington National Bank bought a new stake in NutriSystem during the first quarter valued at approximately $104,000. Endurance Wealth Management Inc. bought a new stake in NutriSystem during the first quarter valued at approximately $111,000. FNY Partners Fund LP bought a new stake in NutriSystem during the first quarter valued at approximately $111,000. Ameritas Investment Partners Inc. bought a new stake in NutriSystem during the first quarter valued at approximately $130,000. Finally, State of Alaska Department of Revenue raised its stake in NutriSystem by 3.1% in the first quarter. State of Alaska Department of Revenue now owns 3,300 shares of the company’s stock valued at $183,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 96.11% of the company’s stock.
Nutrisystem, Inc is a provider of weight management products and services, including nutritionally balanced weight loss programs, multi-day kits available at retail locations and digital tools to support weight loss. The Company’s program customers purchase monthly food packages containing four-week meal plan consisting supply of breakfasts, lunches, dinners and snacks and flex meal plan recipes, which they supplement with fresh fruits, vegetables and dairy.
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